Asset Finance
Top Asset Finance Lenders UK
Securing the right financial support is crucial for your business’s
Business financing simplified
Asset Refinancing
in a nutshell
Asset refinancing allows lenders to reflect on what equity is available in a certain item (equipment, machinery, vehicles, etc.) that is already owned by the borrower and derive a loan to value (LTV) against the said item. Ideally, you would have an unencumbered asset which would allow for a cleaner transaction however you are still able to refinance an asset if there is existing financing on the asset.
For example, if you purchased equipment on a hire purchase agreement and still have an outstanding balance, you can still raise finance against this (partially owned) asset. The new lender will usually pay off your original lender and give you a lump sum based on the equity you have in the asset.
Some of our lenders
Maximising Cash
Use your existing assets to free up new cash.
Cost effective
Refinancing assets tend to have better interest rates than unsecured loans.
Ownership non-essential
You don’t need to own the asset(s) outright.
Credit flexibility
Because you are borrowing against an asset, your credit doesn’t have to be perfect.
